ALU 202 Chapter 3 - Life Tables,
Underwriting, and an
Introduction to Mortality
Analysis Comprehensive Study
Guide + Exam Questions &
Solutions Graded A+
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
, WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic
Support
Helping Students Achieve Academic Excellence
Annuity life tables - - Answer: A type of insured lives life table
tabulating the mortality rates of individuals who have
purchased annuities. Considered to represent the lowest
mortality rates among insured lives.
Basic life tables - - Answer: Also known as select and ultimate
tables. A type of insured lives life table tabulating the death
rates for individuals who purchased insurance at standard or
better (preferred) rates. Subdivided by tobacco use and by
select and ultimate periods.
Cohort (generation) life table - - Answer: A type of life table
tabulating the year-to-year death rates for a group (cohort) of
individuals born around the same time ( e.g. same year).
Disabled lives life tables - - Answer: A life table tabulating the
mortality rates of persons no longer able to work due to a
disability
,Flat extra rating (FE) - - Answer: A method used in underwriting
to account for extra (substandard) mortality risk by charging
constant extra premium in addition to the base (standard)
premium.
Period (current) life tables - - Answer: A life table tabulating
death rates for a particular period of time for individuals of
different ages at the time mortality data was collected
(different birth cohorts).
Population life table - - Answer: A life table tabulating death
rates for large segments of the population without regard to
individual health, socioeconomic status, or employment status.
Select factors - - Answer: Scalar factors applied to life tables to
reduce projected mortality rates to levels thought to be
attractive to potential life insurance buyers while maintaining
achievable mortality goals through the combination of target
market selection, underwriting, and anticipated secular
(general population) mortality improvements.
Select period - - Answer: The period from life insurance policy
issue to the time at which the effect of underwriting has been
assumed to no longer be effective in selecting standard or
, better risks from among the entire pool of insured persons
(often considered to be about 20 to 25 years).
Social security (pension) life tables - - Answer: A type of
population life table tabulating the mortality rates of
individuals who were actively employed at some time.
Standard and ordinary life tables- - Answer: Aggregate insured
lives life tables in which select and ultimate mortality rates are
combined to arrive at aggregate death rates for each age, thus
ignoring most of the effect of selection resulting from
underwriting. Death rates in such a table are somewhat higher
(more conservative) than those in the basic select and ultimate
tables.
Table rating - - Answer: A method used in underwriting to
account for extra (substandard) mortality risk by charging extra
premium based on a multiple of the base (standard) premium.
Ultimate period - - Answer: The period after the select period
during which the effect of underwriting is assumed to no longer
be effective in selecting standard or better risks from the entire
pool of insured persons, (often considered to be the period
beyond 20 to 25 years after underwriting).
Underwriting, and an
Introduction to Mortality
Analysis Comprehensive Study
Guide + Exam Questions &
Solutions Graded A+
Professional Academic Assistance Services
Services Offered
• Proctored Exam Assistance
• Online Class Management (Full Course Support)
• Exam Preparation & Study Materials
• Assignments and Coursework Support
• Essay and Research Paper Writing
• Discussion Posts & Responses
• Editing and Proofreading
• Confidential Academic Consultation
Contact Information
Email:
, WhatsApp link: https://wa.me/254704846336
Fast Response | Confidential | Reliable Academic
Support
Helping Students Achieve Academic Excellence
Annuity life tables - - Answer: A type of insured lives life table
tabulating the mortality rates of individuals who have
purchased annuities. Considered to represent the lowest
mortality rates among insured lives.
Basic life tables - - Answer: Also known as select and ultimate
tables. A type of insured lives life table tabulating the death
rates for individuals who purchased insurance at standard or
better (preferred) rates. Subdivided by tobacco use and by
select and ultimate periods.
Cohort (generation) life table - - Answer: A type of life table
tabulating the year-to-year death rates for a group (cohort) of
individuals born around the same time ( e.g. same year).
Disabled lives life tables - - Answer: A life table tabulating the
mortality rates of persons no longer able to work due to a
disability
,Flat extra rating (FE) - - Answer: A method used in underwriting
to account for extra (substandard) mortality risk by charging
constant extra premium in addition to the base (standard)
premium.
Period (current) life tables - - Answer: A life table tabulating
death rates for a particular period of time for individuals of
different ages at the time mortality data was collected
(different birth cohorts).
Population life table - - Answer: A life table tabulating death
rates for large segments of the population without regard to
individual health, socioeconomic status, or employment status.
Select factors - - Answer: Scalar factors applied to life tables to
reduce projected mortality rates to levels thought to be
attractive to potential life insurance buyers while maintaining
achievable mortality goals through the combination of target
market selection, underwriting, and anticipated secular
(general population) mortality improvements.
Select period - - Answer: The period from life insurance policy
issue to the time at which the effect of underwriting has been
assumed to no longer be effective in selecting standard or
, better risks from among the entire pool of insured persons
(often considered to be about 20 to 25 years).
Social security (pension) life tables - - Answer: A type of
population life table tabulating the mortality rates of
individuals who were actively employed at some time.
Standard and ordinary life tables- - Answer: Aggregate insured
lives life tables in which select and ultimate mortality rates are
combined to arrive at aggregate death rates for each age, thus
ignoring most of the effect of selection resulting from
underwriting. Death rates in such a table are somewhat higher
(more conservative) than those in the basic select and ultimate
tables.
Table rating - - Answer: A method used in underwriting to
account for extra (substandard) mortality risk by charging extra
premium based on a multiple of the base (standard) premium.
Ultimate period - - Answer: The period after the select period
during which the effect of underwriting is assumed to no longer
be effective in selecting standard or better risks from the entire
pool of insured persons, (often considered to be the period
beyond 20 to 25 years after underwriting).
